Chicago Atlantic BDC, Inc. announced the closing of a new $100 million senior secured revolving credit facility on February 12, 2025. This facility was led by an FDIC-insured financial institution.
The new Credit Facility is set to mature in March 2028 and bears interest at the Secured Overnight Financing Rate (SOFR) plus 3.00%. This financing provides significant liquidity and flexibility for the Company.
The facility is expected to support future portfolio growth and enable LIEN to pursue new investment opportunities. This enhances the Company's capacity to meet the capital needs of its target borrowers.
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